July 10, 2020, 2:13 pm EDT
Stock Markets Cheer Again on COVID-19 News
Promising news from Gilead (GILD +2%) and BioNTech (BNTX +5%) gave stock markets another reason to cheer up with COVID-19 virus when affected numbers reached new high again both worldwide and USA.
Financial sector (XLF +3%) leads the other secto like JPM. GS and most stocks. But airlines (AAL, UAL), cruises (RCL, CCL, NCLH), hotels (WYNN), energy, and material are also performing well to bring DJIA near +300 points intraday gains.
Overly bullish stock markets seem unusual but it could be opportunity for traders to bet on upswing until the party is over or bubble bursts.